Economy

Zenith Bank Named Africa’s Best Bank, Retains Nigeria Title at Euromoney Awards

Zenith Bank Plc has been named Africa’s Best Bank and Nigeria’s Best Bank at the 2026 Euromoney Awards for Excellence,…

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Why CBN Refused to Cut Interest Rate Despite Lower Inflation

Despite easing headline inflation, the Central Bank of Nigeria (CBN) held its benchmark interest rate at 26.5 percent as rising…

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CBN Says Recapitalisation Has Strengthened Nigerian Banks

The Central Bank of Nigeria (CBN) has said the recently concluded banking-sector recapitalisation exercise has improved the resilience of Nigerian…

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Nigeria Settles ₦63.5 Billion Power Bond Coupon, Pays GenCos ₦333 Billion

The Federal Government has paid approximately ₦333.12 billion to eight electricity generation companies under its programme to resolve accumulated financial…

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Afreximbank Backs Nigerian-Owned Shoreline With $200 Million for Algeria Oil Project

is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst with over 20…

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CBN Retains Interest Rate at 26.5% as Global Risks Delay Further Easing

is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst with over 20…

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IMF Warns Africa’s AI Growth Dividend Could Fall to Just 0.2%

Sub-Saharan Africa could derive almost no meaningful economic benefit from artificial intelligence over the next decade unless governments address persistent…

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FirstBank Takes Diaspora Banking Services to Maryland, Atlanta and Houston

FirstBank has announced plans to provide in-person banking services to Nigerians living in the United States through a summer outreach…

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First HoldCo Profit Jumps 82% to ₦526 Billion as Trading Gains Offset Weak Interest Income

First HoldCo Plc recorded an 81.6 percent increase in profit to ₦526.13 billion for the six months ended June 30,…

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Ecobank Schedules August 13 EGM to Consider Articles of Association Amendments

Ecobank Transnational Incorporated has scheduled an Extraordinary General Meeting for August 13, 2026, to seek shareholders’ approval for proposed amendments…

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